What is the minimum balance in Indian bank with Cheque book?

How much is the minimum balance in Indian Bank?

Overview of Indian Bank Savings Bank

Bank Indian Bank
Initial Deposit Requirements Nil
Minimum Amount Minimum amount for non-cheque operation is Rs.250/- Minimum balance for cheque operation is Rs.500/- Pensioners and bonafide students may have lesser minimum balance
Debit Card Offered Free ATM cards/Debit cards provided

Is cheque book available for zero balance?

4) SBI offers the same interest rate on zero balance accounts as on regular savings bank accounts. The bank offers an interest rate of 3.25% per annum on deposits less than ₹1 lakh. 5) There is no cheque book facility available with SBI zero balance savings account.

What are the charges for not maintaining minimum balance in Indian Bank?

Non-Maintenance of Minimum Balance

If the average minimum balance in the current account falls below Rs. 100000 that is if the total products are less than 9000000 in a quarter, a penalty of Rs. 573 per quarter inclusive of all tax will be levied.

What is Indian Bank Minimum balance 2020?

To maintain an Indian Bank Savings account, you require a minimum balance of Rs. 250 for non cheque operation and Rs. 500 for cheque operation. Indian Bank personalized account number and cheque book enhances security and ensures your money is safe.

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Which bank has lowest minimum balance?

List of All Banks Savings Account Interest Rates and Minimum Balance 2021

List of Savings Account Banks Minimum Balance Required(INR) Savings Account Interest Rates (p.a.)
ICICI Bank 0/1000/2000/2500/5000/10000 3.00% – 3.50%
IDBI Bank 500/2500/5000 3.30% – 3.80%
IDFC Bank 25000 6.00% – 7.00%
Indian Bank 250/500/1000 3.00%

Which bank has lowest minimum balance for current account?

Current Account Monthly Average Balance and Withdrawal Limit 2021

Bank Minimum Average Balance
ICICI Bank Smart Business Account Rs. 25,000
HDFC Bank Regular Current Account Rs.10,000 per quarter
Bank of Baroda Baroda Small Business Current Account Quarterly Average Balance Rs. 2,500
SBI Regular Current Account Rs. 5,000

Which bank has zero balance?

Latest Interest Rate for Zero Balance Savings Account

Bank Name of zero-balance savings account Interest rate
Kotak Mahindra Bank 811 4% to 6%
Standard Chartered Bank Basic Banking Account 0.5% to 4.90%
HDFC Bank Basic Savings Bank Deposit Account 3.50% to 4%
Axis Bank Basic Savings Account 3.50% to 4%

How much amount can be withdrawn by cheque per day?

Cash withdrawal limit for self using cheque is capped at ₹1 lakh while cash withdrawal limit by third party (only through cheque) is capped at ₹50,000.

Does Indian Bank have zero balance account?

In addition to no minimum balance, the Indian Bank zero balance account does not have any initial deposit. It means that one can open the savings account without any deposit.

What is the maximum amount I can write a cheque for in India?

As per the RBI guidelines issued last year, banks can enable this facility for all account holders for cheque amounts of Rs 50,000 and above at the discretion of the account holder. However, banks may consider making it mandatory for cheques of above Rs 5 lakh.

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